If you were 20 years old again, what would you do diffrent?

[boatboy]

I'm 20 and have a good amount of money saved and want to get into real estate investing. It doesn't matter to me, commerical or residential as long as the return is there. I will graduate college soon and willing to move anywhere to get into real estate.

I always thought about packing up and heading south and buying a double where they would pay the mortage. While this goes on, I'd like to buy a property I could probaly flip within 6 months and use that cash to build my real estate portfolio.

What suggestions or advice do you have for me? I'd hate to repeat common mistakes.

[klinckphilip]

I'm 20 and have a good amount of money saved and want to get into real estate investing. It doesn't matter to me, commerical or residential as long as the return is there. I will graduate college soon and willing to move anywhere to get into real estate.

I always thought about packing up and heading south and buying a double where they would pay the mortage. While this goes on, I'd like to buy a property I could probaly flip within 6 months and use that cash to build my real estate portfolio.

What suggestions or advice do you have for me? I'd hate to repeat common mistakes.

harder than it looks but I hope you do well

[Rusty]

Unless you're already very well off, I wouldn't recommend making real estate investing your only means of income.

I'm sure you're incredibly bright and passionate about this, but even the best fall upon hard times or miss on investments.

As klinckphilip said, it's not easy.

I'd suggest buying a personal residence you can rehab while living in it. Live there for 2 years and sell for a profit with the tax benefits. Bring on a roommate if you need too.

Your double idea is right along these lines and a good idea too. But until you can afford to lose on your investment, I'd avoid trying to flip in this market.

Ease your way into it and don't rely solely on RE investing to pay the bills. You have plenty of time to strike it rich!